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Just hours after Samsung Electronics declared that they will halt the production of Galaxy Note7, the company announced on Tuesday that it will permanently stop and end the production of the problematic device. The decision comes after receiving further smoking and battery fires cases from several countries around the world, and after the company replaced defective units.

Samsung electronics has temporarily halted manufacturing its flagship Galaxy Note7 following new explosion reports involving the replaced gadgets. The order comes 10 days after the company decided to resume sales of the device in South Korea, hoping to regain the customers' trust in its products.

On Tuesday, Yonhap News Agency reported that the new head of the Global Green Growth Institute (GGGI) will present value-for-money investment opportunities as it aims to establish that environmental-friendly growth is executable with speedy economic development.

Naver, the local giant search engine in South Korea and its chat app partner, Line, concluded making a 100 million euros-worth of joint investment ($112 million) to a European investment fund. The investment is in line with a strategic method for the partner companies to enter the global market.

On Tuesday, South Korea's leading cosmetics company, AmorePacific, announced that it would recall 11 of its toothpaste products that have been verified to have the same toxic chemicals used in Oxy's humidifier sterilizers that led to the deaths of more than 100 Korean earlier this year, Korea JoongAng Daily reported.

The largest food delivery and buying website in China will choose the best restaurants in Seoul. According to the state-run tourism agency, the no. 1 commercial site in China will pick the best restaurants in Seoul in order to increase the number of travelers who wants to find the hottest restaurants in Seoul.

Some netizens compare the differences between SM Entertainment and YG Entertainment headquarters through the photos circulated online. SM Entertainment and YG Entertainment are two most prominent entertainment companies in South Korea.

Hyundai Motor Corp., the leading automaker in South Korea, announced on Saturday that it has donated an approximate of US $115 million over the past 18 years to its social contribution program in the United States to aid children who are cancer patients.

Embattled US bank Wells Fargo & Co has recently given up its policy on product sales quotas for their retail bankers on Tuesday and may possibly bring disciplinary action against its bank employees due to its recent fake account scandal that has already cost the bank $190 million in fines and the firing of 5,300 employees Reuters said.